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Heart Failure start-up, Acorai, closes oversubscribed $4m funding round

Acorai secured more than $4.5m in funding to finance its clinical studies and move towards regulatory approval, which comes off the back of €2.3m in non-dilutive grant and €10m in future equity financing from the European Innovation Council (EIC).

The round was led by Solardis Health Ventures, with participation from KHP Ventures, , Carma Fund and other US investors. Significant follow-on investment was taken from existing investors from across Sweden and the EU.